
China VC Weekly: Cheese Tea, Autonomous Driving, New Funds
In this week’s VC news: HeyTea to raise a new massive round, WeRide raising over $600 million in just 5 months and early stage startup focused VC fund Northern Light closes new round.
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In this week’s VC news: HeyTea to raise a new massive round, WeRide raising over $600 million in just 5 months and early stage startup focused VC fund Northern Light closes new round.

The dispute between Tesla Shanghai and a former employee over the infringement of trade secrets will be held in Yangpu District People's Court of Shanghai on December 14. This case is the first case involving the infringement of Tesla China's trade secrets in the country.

Recently, autonomous driving startup Inceptio Technology announced that it had completed its first driverless road test of an L4 heavy-duty truck.

This week’s China VC news: the flying car subsidiary of EV-maker Xpeng Motors, HT Aero, bagged a whopping $500 million Series A investment, and more.

On Thursday, China's Ministry of Industry and Information Technology (MIIT) published a vehicle declaration list that included the ES7 model produced by automaker NIO.

Huawei obtained patent authorization for behavior planning methods and a behavior planning device which enables self-driving vehicles to safely and quickly pass through intersections.

On Thursday, Robin Li, Cofounder and CEO of Baidu, launched his new book entitled “Intelligent Transportation: Significant Transformation Over 10-40 Years Influencing the Future of Humanity.”

Baidu's ride-hailing service platform Apollo Go has launched trial operations in Shenzhen’s Nanshan District, providing autonomous robotaxi services to Shenzhen commuters.

Shenzhen issued a public announcement which clearly stipulates that intelligent vehicles are to be allowed on the roads of the city after obtaining registration certificates, license plates and driving licenses.

Apollo Go, Baidu's autonomous ride-hailing service platform, officially began offering its services in Wuhan's Economic & Technological Development Zone (WHDZ) on Tuesday.

Self-driving truck company TuSimple revealed on Tuesday its prospectus with the U.S. Securities and Exchange Commission (SEC), planning to go public on Nasdaq on April 15th with the ticker “TSP.”

TuSimple, an autonomous driving technology company, has announced a restructuring plan which will impact approximately 350 of its employees, or 25% of the workforce, while 80% of the remaining approximately 1,100 employees are in R&D functions.